Kenya Bond Market Update: 18-Apr-2023

Published on
April 21, 2023

Bidding Time – Bids for the FXD1/2022/3Yr (2.0 years) and the FXD1/2019/15Yr (10.9 years) must be at the Central Bank by 2.00PM. My expectations for these bonds remain as below:

  • FXD1/2022/3Yr (2.0 years): Average of within 13.40% - 13.50%
  • FXD1/2019/15Yr (10.9 years): Average of within 14.40% - 14.50%
  • Attached is the bond prospectus for all the information required

Away from the auction, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and best wishes for the auction ahead!

Below are the two-way quotes for the benchmark tenors, two-way quotes for the infrastructure bonds and the key rates:

Kenya Bond Market

Attached are the bond positions available today and the April 2023 bond auction prospectus.

  1. Bond Positions
  2. April 2023 Bond Auction